Calcium carbonate is one of the most useful substances in the construction industry. It is used in paints and coating applications as well as in cement. It has a thousand other uses however from agriculture to pharmaceutical, so there should be little surprise that its year on year growth in demand has been predicted for at least the past decade.
What many did not expect however is that the calcium carbonate market is expected to exceed more than USD28.5-billion (R396-billion) by 2023; Growing at a compound annual growth rate of more than 7% in the given forecast period, according to a report published on marketresearchengine.com.
According to the report the major driving factors of calcium carbonate demand include a growing demand from plastic division, a rising paper industry market and increasing demand from construction and building industry. The effects of this demand will see prices rise dramatically over the next few years, potentially further hindering South Africa’s already weakened construction industry.